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Saturday, 31 October 2015

Most of the item trading tips suppliers proposes to place assets into Gold for distinctive reasons. Also, merchants like this yellow metal for the immense returns. There is an examination of gold with different wares which brokers more often than not pick.Gold and Silver Gold and silver both join in significant metals. The advancement in both are same , when the estimation of gold goes up than silver either goes up or stationary however never goes down. The same circumstance when the estimation of gold goes down, silver goes either down or consistent however never go up. The reason for this is, if there is any news about gold at precisely that point it impact their qualities for the most part there is no effect in silver in light of it. Other case is, there is any prompt news or data about silver to impact its value. Gold and Crude oil The estimation of gold and Crude oil continually opposite to each other. Right when the gold worth tend to climb then grungy petroleum goes down and tight clasp verse, the reason is, gold quality is particularly related to the estimation of Dollar. Them two get the opportunity to be similar in to a great degree phenomenal case for case there is no moment in base metals, no data in business sector, the business part is consistent. Thusly when there is any moment in gold the advancement of grungy petroleum in like manner affected.

Maize prices closed higher by 0.48 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for November 2015 contract closed at Rs. 1,454 per quintal, up by 0.48 per cent, after opening at Rs. 1,452 against the previous closing price of Rs. 1,447. It touched the intra-day high of Rs. 1,455. USA, China and Brazil are the top three maize producing countries in the world while the prominent exporters of maize are USA, Argentina and Brazil. Chief importers are Japan, EU, Malaysia, Taiwan, Indonesia etc.

Jeera prices closed lower by 0.34 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for November 2015 contract closed at Rs. 15,945 per quintal, down by 0.34 per cent, after opening at Rs. 15,950 against the previous closing price of Rs. 16,000. It touched the intra-day low of Rs. 15,915. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

Gold ticked up on Thursday but stayed near its lowest level in two weeks after the Federal Reserve hinted at a possible U.S. rate hike in December, bolstering the dollar and reducing the appeal of non-interest-paying bullion.Spot gold rose 0.3 percent to $1,159.50 an ounce by 0330 GMT, following a 1 percent slide in the previous session. The metal fell on Wednesday to $1,152, its lowest since Oct. 13.U.S. gold futures slid over 1 percent on Thursday, and other precious metals also fell."There is some short covering and physical demand after the drop overnight, but on pretty thin volumes," said a precious metals trader in Sydney."At these prices gold has already priced in a December rate hike. $1,150 is a big level on the downside, and on the upside I think $1,165 will be pretty hard to break," he said.The Fed kept interest rates unchanged on Wednesday as expected but surprised with a direct reference to its next policy meeting.The Fed said raising rates at its next meeting would depend on progress made on employment and inflation, and omitted any reference to global developments affecting U.S. economic activity.In recent weeks, investors had bet that the U.S. central bank would delay its first rate hike in nearly a decade to next year due to weakness in the global economy and its impact on the United States.The surprisingly hawkish tone sent the dollar soaring against a basket of major currencies to its highest level in more than two months.A stronger greenback makes gold more expensive for holders of other currencies, while higher rates also hurt the metal's appeal.Rate futures traders boosted bets that the Fed would raise rates at its next meeting on Dec 15-16.Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.17 percent to 694.34 tonnes on Wednesday.

Wednesday, 28 October 2015

Gold settled up by 0.05% at 26823 traded in the range while cautious trade seen as investors await the start of the FOMC's two-day October meeting beginning on Tuesday. Investors were hesitant to make any major moves in Monday's session ahead of the FOMC's monetary policy meeting later this week. While the FOMC has hinted that it will likely hold short-term interest rates at its current near-zero level at the meeting, Federal Reserve chair Janet Yellen has still not ruled out a possible rate hike. The FOMC has left its benchmark Federal Funds Rate at its current level between zero and 0.25% for 55 consecutive meetings.

Gold may drop as USD Soars ahead of FOMCLast week Gold prices dropped as strength in the greenback alongside hints for more easing out of the ECB and an interest rate in China, Fueled a volatile session for bullion heading into the close of the week. Although prices may have further downside to go near-term, the broader outlook remains constructive above a key support threshold just lower. The European Central Bank rate decision last week fueled a massive sell-off in euro crosses after President Mario Draghi cited willingness to further expand easing measures as growing concerns over deteriorating conditions in emerging markets & finical market volatility continue to threaten the recovery in Europe. Just one day later, PBoC cut interest rates by 25 basis points and lowered the RRR by 50 basis points. The surprise move suggests that officials continue to see downside risks for the world’s second largest economy – a topic now mentioned by both the ECB & the Fed.Govt likely to launch 3 gold schemes on November 5 :The central government is planning a big-bang launch of three schemes to satisfy the need for investing in gold. The schemes are likely to be launched on November 5, a week before Diwali. A final decision on launch date and guidelines for bonds and the interest rate payable are in the final stage.The first is a gold monetisation scheme, where consumers will be invited to offer idle gold or jewellery for deposits with banks. The Reserve Bank has issued guidelines and the government has notified it. Ketan Shroff, spokesperson of the Indian Bullion and Jewellers Association, said: “We support the GMS and will advise our clients to earn interest on gold and jewellery lying idle with them.” Another scheme being launched will be gold coins with the Ashok Chakra embossed.The government’s Mumbai mint has already manufactured and kept ready 20,000 coins of five grammes each and 30,000 of 10g each, for distribution to banks and post offices, which will be selling these from the launch date. It is understood that gold seized by various government agencies might have been used to manufacture these. Another scheme is of gold bonds, investing cash without actually buying gold.* GLD ETF:Over the weekly reporting time-frame, from Tuesday October 13th to Tuesday October 20th, the price of the (N:GLD) Gold ETF, which tracks the gold spot price, rose from approximately $111.86 to $112.73, according to ETF price data of the SPDR Gold Trust ETF (GLD).For More Information : Bullion Tips, McxTrading Tips, Mcx Tips, Commodity Market Tips,Bullion Trading Tips,mcx market tips,Mcx Trading Tips,commodity tips,Commodity market tips

Tuesday, 27 October 2015

Crude palm Oil settled down by -1.41% at 404.8 due to weakness in domestic and overseas prices.

Prices of palm oil will be under pressure on demand worries following weak Malaysia palm oil export data.

However, increasing demand of the edible oil ahead of festival season at the domestic market, capped some losses.

Top producer Indonesia this week cut its crude palm oil output estimate for next year to 33 million tonnes from an earlier projected 33.5 million tonnes, citing El Nino which could strengthen until December.Malaysia's crude palm oil output fell in September a data released by the Malaysian Palm Oil Board showed.

Palm oil output dropped 4.45% to 1.96 million tons in September end compared to 2.05 million tons a month earlier.

Technically market is under long liquidation as market has witnessed drop in open interest by -14.93% to settled at 1362 while prices down -5.8 rupee, now CPO is getting support at 401.6 and below same could see a test of 398.3 level, And resistance is now likely to be seen at 409.6, a move above could see prices testing 414.3. Trading Ideas: CPO trading range for the day is 398.3-414.3. Crude palm oil prices dropped due to weakness in domestic and overseas prices. Prices of palm oil will be under pressure on demand worries following weak Malaysia palm oil export data. Indonesia cuts its crude palm oil output estimate for next year to 33 million tonnes from an earlier projected 33.5 million tonnes. Crude palm oil prices in spot market dropped by 7.40 rupees and settled at 403.40 rupees.

Maize settled up by 0.7% at 1434 tracking firmness in spot demand and overseas prices on the back of slow farmer sales in the U.S. Midwest.

New crop arrivals with high moisture level of around 18-25% have entered the market. In A.P, new crop arrivals with high moisture of around 14-28% have entered the market.

Stock of maize in the Government’s warehouse is almost empty.

The stock position was around 40,000 MT during the corresponding period of last year.

Even as the retail prices of pulses continue to pinch consumers, maize prices ruled high in the range of Rs. 13,000 to Rs. 14,730 per tonne last week amid slow arrivals of the crop, according to a report by US Grains Council. Harvest in India continues and the reports are not very encouraging.

Trading Ideas: Maize trading range for the day is 1410-1450. Maize prices ended with gains tracking firmness in spot demand and overseas prices on the back of slow farmer sales in the U.S. Midwest. Stock of maize in the Government’s warehouse is almost empty. NCDEX accredited warehouses maize stocks flat and remains unchanged by 0 tonnes to 1347 tonnes. In Nizamabad maize prices gained 22.55 rupee to end at 1409.05 rupees per 100 kg.

Gold steadied near USD 1,160 an ounce on Tuesday as investors kept to the sidelines ahead of a Federal Reserve policy meeting that kicks off later in the session, waiting for clues on the timing of a US rate hike.

FUNDAMENTALS

* Spot gold was steady at USD 1,162.96 an ounce by 0027 GMT. The metal had fallen to its lowest in nearly two weeks at USD 1,158.77 on Friday, but has since firmed as the dollar gave up some recent gains.

* The greenback fell Monday against major currencies on a decline in US bond yields and worries about the US economy after new home sales dropped steeply in September.

* New US single-family home sales declined to near a one-year low in September after two straight months of gains, but a jump in prices suggested that housing remained on solid ground.

* The data comes ahead of the Fed's two-day policy meet beginning on Tuesday. The US central bank is widely expected to leave rates unchanged but investors are increasingly sceptical that it will raise rates before the end of the year. The Fed holds one more policy meet this year in December.

* Fed policymakers have been worried about weakening global growth and a relatively strong dollar disrupting US economic growth, but they have been sending out mixed messages regarding the timing of a rate hike, the first in nearly a decade.

On the demand side, research firm Energy Aspects said in its quarterly outlook that it "forecast a sharp slowdown in global oil demand across Q4 15 at 0.8 million barrels per day, which marks the slowest pace of growth in five quarters".